Dr. ReddyLooks good. If it gives breakout with a bullish candlestick then we go for it as Swing trade.
DRREDDY trade ideas
DR REDDY DrReddy has given a good Breakout
One can go Long with mentioned levels in chart
Hourly time frame chart pattern
Key Levels
MACD pco
DMI ADX UNGALI POSITIVE
RSI above 76
Upper Bollinger Challenged by PRICE
Breakout candle with Good Volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
dr reddyDr. Reddy’s Laboratories Limited commenced its generics business in India in 1986 and is today a trusted name in the healthcare industry consistently serving the needs of millions of patients with high quality, affordable and innovative medicines across therapy areas. The company’s shares trade on the Bombay Stock Exchange and the National Stock Exchange in India and on the New York Stock Exchange in the United States.
Business area of the company
The company is a leading India-based pharmaceutical company headquartered and having its registered office in Hyderabad, Telangana, India. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the Company offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), generics, biosimilars and differentiated formulations.
Products
Generics
Over-the-counter
APIs (Active Pharmaceutical Ingredients)
Biologics
Differentiated Formulations
Core Businesses
Pharmaceutical services & active ingredients
Global leader in integrated development, manufacturing and supply of APIs.
Contract research, development and manufacturing services.
Global Generics
Finished dosage businesses in distribution-driven unbranded as well as detailing-driven branded markets.
North America, Europe, India, China, Russia & CIS countries are key markets in this segment.
DRREDDY BULLISH SIGNAL WITH BREKOUT FROM CUP AND HANDLE PATTERNDRREDDY BULLISH SIGNAL WITH BREKOUT FROM CUP AND HANDLE PATTERN
DR REDDY BEARISH SIDEHello Traders i found sell setup in DR READY In 4hrs Time Frame as we can see it came to its Resistance area it fails to cross it and also hit the trendline resistance area. if you find my trend setup is useful for you please like and follow me. THANKYOU TRADER
High Probabilty, Good Risk Reward TradeHigh probability trade with 1:3 Risk reward ratio.
As pharma sector given TL breakout And Dr reddy forming inverse head n shoulder pattern. Once break the neckline big move expected.
Entry 5510
Target 6765
Stoploss 5100
DRREDDY - Another Gem on my RadarI have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs.
The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles.
Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.
Trend line breakout possibleTrend line breakout possible. Price movement and target as mentioned in chart. Buy cash only.
Educational purpose.
Drreddy looking weak towards target ??Drdeddy looking for retracement cycle towards the target of 4650,
Now beauty is as per Retracement cycle & as per astro, both the way it saying some profit booking towards target 4650.
4650 if it reach very speedily then you could be more fall in this counter.
Thanks & Regards
K Sureshkumar
DR REDDYS LAB - NEGATIVE RSI DIVERGENCEwhile price tends to move higher on the other side RSI is in downtrend which clearly indicates Negative divergence in day chart.
FLAGIt's become flag clear-cut flag and pole pattern it is it to understand and pharma stock and currently as for the situation and perform good so we should consider this as a good pattern
Drreddy | #LetsMakeMoneyTogether | Intra and posi viewA good buy if gap up or breaks the line and 200dema with volume and power candle >> Happy trading :)
U can hold the stock or book the profits as u like :)
DRREDDY is very strong as per chart pattern..DRREDDY has got permitted to distribute sputnik v vaccine in INDIA ,and it has also made emergency medicine, 2-deoxy-D-glucose (2-DG) drug for the treatment of moderate to severe Covid-19..keep an eye on DRREDDY the target is 6200...DYOR
